Liberty Latin America (NASDAQ:LILA) CEO Purchases $161,400.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair bought 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the chief executive officer directly owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. This trade represents a 0.64% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Liberty Latin America Stock Performance

Shares of LILA stock opened at $7.56 on Friday. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.14 and a current ratio of 1.11. The company has a market capitalization of $1.51 billion, a P/E ratio of -3.05 and a beta of 0.75. The company’s 50 day moving average price is $8.10 and its two-hundred day moving average price is $7.97. Liberty Latin America Ltd. has a 52 week low of $4.81 and a 52 week high of $9.04.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts expect that Liberty Latin America Ltd. will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares during the period. Mackenzie Financial Corp boosted its position in Liberty Latin America by 1.6% during the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock worth $1,218,000 after purchasing an additional 2,314 shares during the period. PNC Financial Services Group Inc. boosted its position in Liberty Latin America by 31.4% during the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after purchasing an additional 2,693 shares during the period. CWM LLC boosted its position in Liberty Latin America by 80.7% during the third quarter. CWM LLC now owns 6,487 shares of the company’s stock worth $54,000 after purchasing an additional 2,897 shares during the period. Finally, Intech Investment Management LLC boosted its position in Liberty Latin America by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock worth $116,000 after purchasing an additional 3,524 shares during the period. 18.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.00.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.